Amex started confiscating bonus points earned through refundable tickets

[CS91]

This may be the end of the cc farms

What's a cc farm? 

[Yehuda25]

What's a cc farm? 

http://www.dansdeals.com/archives/46584


http://forums.dansdeals.com/index.php?topic=45061.0

[Dr Moose]

This may be the end of the cc farms

They have their other ways as well

[MosheD]

The reports I heard were clawback not FR. So, I don't think anybody is screwed per say. They just had no points

[benjie1305]

The reports I heard were clawback not FR. So, I don't think anybody is screwed per say. They just had no points

That is how the CC farms make money. If they clawback = them being out of business.

[Yehuda25]

The reports I heard were clawback not FR. So, I don't think anybody is screwed per say. They just had no points

-1000, if they start going after closed accounts, and start going after people for what they consider MR to be worth.....

[churnbabychurn]

Is it necessary to transfer MR out?  Where has best resale value?

[coralsnake]

So they'll xfer the points before canceling the refundable.  But screw the underlying person even more.

[Yehuda25]

So they'll xfer the points before canceling the refundable.  But screw the underlying person even more.

I cant imagine they would go that far....

[momo]

Im glad! 👍🏻

[Yehuda25]

Im glad! 👍🏻

glad that what?

[AJK]

Business MR cards. I heard two reports from the past week.
One that I'm familiar with had several spanning 2 months. Just finished the "spending" on another card. 375k adjusted down to zero and told the reason. Card wasn't closed or FR'd

How long after you hit the spend?

[coralsnake]

I cant imagine they would go that far....

Of course not. I'm sure this'll cause them to go out and work for a living.🙊😂 

[MosheD]

I wonder if  the people that signed up with those farms are screwed.

I was reponding to this. The clients are not screwed. I could give a Damn about the cc farms, but the poor ignorant masses...

[churnbabychurn]

I haven't seen any farm adds recently anyway. Are they even still around? Maybe I just didn't notice..

[TimT]

I haven't seen any farm adds recently anyway. Are they even still around? Maybe I just didn't notice..

I haven't seen them lately either. Maybe the complaints worked.

[Yehuda25]

I haven't seen them lately either. Maybe the complaints worked.

Im sure they are still around, it never really made sense that they were able to advertise so brazenly, which makes me wonder how all these brokers are able to advertise all over...

[TimT]

Im sure they are still around, it never really made sense that they were able to advertise so brazenly, which makes me wonder how all these brokers are able to advertise all over...

I was referring to people calling in to the papers to complain about the misleading ads.

[Yehuda25]

I was referring to people calling in to the papers to complain about the misleading ads.

WHo knows, for the longest time they did nothing about it, it seemed like they only care about$$$

[LoLo]

Are they even still around?

Yes, have a friend who signed up with them a few weeks ago, i'll try to find out what they'll do.